Two ways to insulate your children using a protective property trust
Option 1 – protecting your children’s inheritance when you die
This version of a protective property trust is ideal if your children are under 18 and comes into effect when you die — or where you are the sole owner of a property and want your surviving spouse or partner to continue living in the property while ensuring your children are the ultimate beneficiaries.
The trustees, beneficiaries and terms of the trust are all set out in your will.
Option 2 – protecting your children’s inheritance during your lifetime
A lifetime trust or flexible life interest trust comes into effect straight away.
It is beneficial to protect against sideways disinheritance, where children from other relationships could inherit, remarry and change the terms of their will to potentially disinherit your true bloodline.
If a property is jointly owned, the trust can be written to cater for ‘Tenants in Common’. This gives each person a share in the property, which can be disposed of according to their wishes rather than passing automatically to either spouse.
A lifetime trust can also be used to protect creditors from making a claim against all or part of the property, as long there is no intention to deprive creditors when the trust is put in place.
If you would like to know more about the benefits of a protective property trust, and see which option would suit your specific circumstances, call us on 01273 385833 to see how we can help.
Why Choose Brighton Wills & Family Trusts?
- You will be dealing with real people who have your best interests at the heart of our business.
- We maintain excellent standards through our membership of The Society of Will Writers, who administer the industry Code of Practice.
- Our professional, yet non-stuffy approach is a testament to the hundreds of satisfied clients who have chosen Brighton Wills & Family Trusts to write over 1,500 wills and lasting power of attorney documents since 2014.
- And for your peace of mind — we carry Professional Indemnity Insurance of £2 million — and we are always happy to provide references if required.
Brighton Will Writers & Family Trusts
"Helping you protect what you have worked all your life for"
Helping you protect what matters the most
Making a will is one of the most responsible things you can do in your life. It takes decision making away from the courts and ensures your property, savings and personal possessions are distributed to the people you choose in the manner you wish.
Once you have a will in place, you will feel a massive sense of relief. You will be safe in the knowledge you have bought order to what is often a hugely emotional situation.